A Simple and Effective Framework for Strict Zero-Shot Hierarchical Classification

Rohan Bhambhoria, Lei Chen, Xiaodan Zhu

Main: NLP Applications Main-poster Paper

Poster Session 3: NLP Applications (Poster)
Conference Room: Frontenac Ballroom and Queen's Quay
Conference Time: July 11, 09:00-10:30 (EDT) (America/Toronto)
Global Time: July 11, Poster Session 3 (13:00-14:30 UTC)
Keywords: financial/business nlp
TLDR: In recent years, large language models (LLMs) have achieved strong performance on benchmark tasks, especially in zero or few-shot settings. However, these benchmarks often do not adequately address the challenges posed in the real-world, such as that of hierarchical classification. In order to addre...
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Abstract: In recent years, large language models (LLMs) have achieved strong performance on benchmark tasks, especially in zero or few-shot settings. However, these benchmarks often do not adequately address the challenges posed in the real-world, such as that of hierarchical classification. In order to address this challenge, we propose refactoring conventional tasks on hierarchical datasets into a more indicative long-tail prediction task. We observe LLMs are more prone to failure in these cases. To address these limitations, we propose the use of entailment-contradiction prediction in conjunction with LLMs, which allows for strong performance in a strict zero-shot setting. Importantly, our method does not require any parameter updates, a resource-intensive process and achieves strong performance across multiple datasets.